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Search Results 0 to 22 of about 23 (some duplicates have been removed)
Jan 30, 2013 11:00pm EST
with their taxes. the uncertainty was horrendous, the mood sour. we were getting all sorts of cross currents about what would happen with corporate and personal taxes. were they going to raise taxes, were capital gains going up? would the alternative minimum tax ensnare millions of people? would businesses have to start a whole brand new round of layoffs? executive after executive came on this show to say, look, we can't do a thing. what's the point? we will just have to undo it. business confidence plummeted, and the idea of forming a new business. well, remember when the ceo of paychex came on and talked about the paralysis caused by the cliff? who would leave his job to start a new business in that environment? okay. retail sales weren't that bad. but they nose dived right at the end of the quarter. retailers were afraid to restock inventory, figuring that spending would drop off the cliff right along with the nation's finances. it was all in all a very bad time for our nation. now, overlay the storm of the century for the northeast, one that shut down the wealthiest area of the country for sev
Jan 31, 2013 12:00pm EST
reform the entitlement programs, put tax reform in place, go through regular order in the finance committee as the chairman and others called for, to ensure we can get this under control. it's a commonsense proposal. we did it two years ago. most democrats and most republicans here on the floor supported it in the past. democrats in the house have also supported it, about 95 of them. it's a dollar-for-dollar reduction over ten years as we raise the debt limit. for folks who are wondering today -- the presiding officer: the senator's time has expired. mr. portman: thank you, madam chair. a senator: madam president? the presiding officer: the senator from montana. mr. baucus: madam president, january 23, i think it was a wednesday, something marvelous happened. what was that? the house, on a strong bipartisan basis, passed a bill which would raise the debt limit, extend the debt limit to may 18. bipartisan. speaker boehner is to be commended. this town is criticized for its lack of working together, it's too partisan. speaker boehner found a solution to help us relieve the pressure
Jan 30, 2013 5:00pm PST
the debt, they would have been eager to let all the bush tax cuts expire. the cbo has shown that if we did that, debt as a share of the economy would fall to half in the next ten years. and if we were to leave the bush cuts in place, it would double. so, no, they're not serious about cutting deficits. they're serious about continuing to pose as the party of tax cuts for the rich. >> and i want to point out that just about an hour after we got the report on the gdp, senate minority leader mitch mcconnell gave this warning about government spending. here it is. >> this, my colleagues, is the europeanization of america. this is the pathway to greece. >> really? your thoughts on that. >> well, there is one way that we are on a pathway to greece. in greece they do not have an effective tax system, and people cheat left and right. we are starving the irs. i've been talking to people inside the irs whose units have been cut 30, 40, 50% in personnel, and they're not auditing, and they're not going after the tough cases that will mean the less money for the government and the less money for all gov
Jan 31, 2013 7:00am EST
are unnecessary. >> they don't hit the elites, they don't hit the criminal. they hit the average hard-working tax-paying american. >> most republicans on the committee agree. >> i have a hard time telling my constituents in texas that congress is looking at passing a whole new raft of laws when the laws currently on the books are so woefully unenforced. >> the hearing touched on many measures congress is considering including strengthening background checks for gun buyers, lilting high capacity magazines and limitibanning ass weapons. even for some like patrick leahy -- >> americans have the right to self-defense, to have guns in their homes to protect their families. no one can take away those rights or their guns. >> as the hearing was going on, senators learned of a shooting in giffords' home state of arizona, one dead twoond wounded in phoenix. and illinois senator dick durbin told the story of another victim. this 15-year-old hadiya pendleton who performed at the inauguration. >> a gunman shot her dead in just a matter of days after the happiest day of her life. she's gone. >> one thing this
Jan 31, 2013 7:00am PST
up on "good morning america." cheers. but more coming up on "good morning america." cheers. i'm a tax professional. that's all i know. prior to joining h&r block... i was a cfo for 25 years. we know and we understand... tax laws, tax theories. this is my dream job. this is my favorite thing in the world to do. i've done 25,000 tax returns. you might say i've had some experience. i will back you up. bring it on. body washes with paper that reacts like skin. if others can strip this paper, imagine how harsh they can be to your skin. oh my gosh. [ female announcer ] dove is different. its new breakthrough formula changes everything. new dove. this is care. you're always on, so we're always ready. tyson grilled & ready chicken. made with all white meat, 98% fat free, and fully cooked. we'll take care of dinner, you take care of everything else. to say get well to your loved ones. this came for you, mommy. [ female announcer ] but when you send a kleenex® care pack, complete with america's softest tissue, you're also giving a warm gesture of care. kleenex®. america's softest tissue. and
FOX News
Jan 31, 2013 8:00am PST
continuing his campaign for extending tax cuts, um, for everyone but the wealthy top brackets, and so we had a fiscal cliff debate and fight on capitol hill where american taxpayers across the country paying their holiday bills were anxiously waiting to see what congress would do, and ultimately everyone but the top earners saw their tax cuts restored. and we went right into a debate about gun control and immigration reform. so it's true that the president has not talked about growth or the economy in a very long time. given this new data, though, and given the fact that we saw an anticipation of these sequestered cuts that the congress passed a long time ago and have the opportunity to undo but haven't yet and are set to go into effect on march 1, in anticipation of those cuts that really hit at defense spending we saw a big shrink in defense jobs, and that is going to continue, um, when we see the sequester go into effect in march. and it's going to hit domestic programs as well. combined that will be, produce a considerable dent to consumer demand. and as we get into a couple months down
Jan 31, 2013 6:30pm EST
tax nbc's kevin tibbles starts us off from there tonight. good evening. >> brian, 2013 is barely a month old and already 42 murders in the city of chicago. the latest has galvanized this city into taking action. >> no one gets a pass. >> reporter: today, chicago city officials went on the offensive. taking aim at gun violence by calling for background checks on gun buyers. >> loss of any child, in any community, in this city, is a loss to the entire city. >> reporter: moving 200 more officers from behind their desks to the streets. >> if i have to put a policeman here, 24 hours a day, 7 days a week, 365, we're going to make a point that this territory belongs to the community. >> i'm hadiya, year 2015. >> reporter: the victims have names and families. 15-year-old honor student, hadiya pendelton, has become the latest face of violence in this city. in sixth grade, she took part in an anti gang video. >> your job is to say no to gangs and yes to a great future. >> reporter: despite by laws that prohibit gunshots within city limits, more than any other city in america, chicago appea
Jan 31, 2013 3:00am PST
because corporate profits are up, costs are down, the fiscal cliff agreement has locked in low taxes for most of the upper-middle class and wealthy, and there's no sign of inflation as far as the eye can see. but corporate profits can't stay high when american consumers whose spending is 70% of the u.s. economy are this pessimistic about the future. they're just not going to spend. american companies won't be able to make up the difference in forward markets. europe is careening into a recession. japan is still in deep trouble. china's growth has slowed. profits are the highest share of the u.s. economy on record. wages are the lowest. but this imbalance can't and won't last. >> can't and won't. and look what's happening on wall street. they're doing better, willie, than ever before. >> mm-hmm. >> ever before. for the past four years, wall street has exploded over the past four years. real income has dropped for middle-class americans. the poverty rate's gone up. one in four americans are on food stamps. you talk about two americas. john edwards is right. >> incomes. >> over the past
Jan 31, 2013 5:00pm EST
off doing until the last minute, tax returns. per se you should file them early because it could protect you. some say they have seen that happen. taxpayer cannot file because the thief got there first. >> people get a hold of your social security numbers, for their children, and that can cause massive delays in getting refunds. >> the threat of becoming a victim is more real for thousands who saw it happen to someone they knew. the launch of the eighth edition of the heating oil program. it was held this afternoon at the shelter. the program has delivered heating oil to more than 1 million families since its inception. it is run with the assistance of a national nonprofit energy company. along with the president was eli ship cummings. >> there's going to be a child that will remember this program. they will know that somebody came along and helped mama, or daddy, get through a difficult time. >> today was the first heating oil delivery day of the year. >> hopefully you have already heard. natalie morales is bringing the show to baltimore. there will be a raven's rally at the inn
Jan 31, 2013 2:00pm PST
unemployed paid the taxes that support food stamps, has been widely accepted in this society, including by ron neld reagan. i have no idea why this guy cuccinelli would want to borrow one of the wornst lines ever uttered in american presidential politics and put it out there as he's starting to run for governor of virginia. he needs to get support in northern virginia. this is going to hurt him there. it's going to have a very tough race against terry mcauliffe and he may actually break the streak that's been going on for decades that whoever wins the presidency, their party loses the governorship of virginia the next time. michael steele months ago i think on this program with me said the 47% line was a disaster. i don't know why anybody would repeat it. >> let me ask you this, it comes down to numbers. everybody knows there's some people are who cheating, some who aren't looking for a job. do you build a whole philosophy about maybe 5% of the people on welfare are just taking it easy or the republican notion 90% of the people on welfare cheat and just grab the check. that is the way t
Jan 31, 2013 7:00am PST
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Jan 31, 2013 7:00am EST
the tax credit that exists for consumers. it is important to keep a variety of options available for consumers. if we are going to meet the 2025 standards of 52.5 miles per gallon, it is going to take not just more hybrid vehicles, but it will also take continued improvement in the efficiency of the internal combustion engine, and companies are focused on that. when you walk around the auto show, they will have exhibits that show some of the things they're doing that make the traditional gasoline-powered engine even more efficient and increase gas mileage. host: next call from matt blunt, president of the american automotive policy council -- dug in syracuse, new york. caller: good morning. mr. blunt, i wonder if you could explain to the american taxpayer and consumer why the taxpayer bailout should not be totally paid back by the government, to the government, by the big three auto makers. guest: you know, the government has an ownership stake in general motors today. they have worked with the government, a general motors and the government have come to an agreement about the re
Search Results 0 to 22 of about 23 (some duplicates have been removed)